Day: October 23, 2024
Want to cash in on the boom in robots? Bernstein names 3 stocks to play the trend
Robots — or automated devices that can execute tasks without human intervention — are witnessing a “new inflection point” and several global stocks are leading in a corner of the ecosystem, according to research firm Bernstein. These stocks are captured under the arc welding segment or “one of the largest robotic applications,” the investment banks’ […]
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Bernstein names its top European stock picks — and gives 4 more than 50% upside
Bernstein has identified a handful of European companies as top stock picks, with four showing potential gains of more than 50%. The stocks named span diverse sectors, from recreational vehicle manufacturing to semiconductor production, reflecting Bernstein’s confidence in various European market segments. Bernstein believes the decline in this particular European stock market segment appeared to […]
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S&P 500 futures are little changed after index posts three straight losing days: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2024. Brendan McDermid | Reuters Futures linked to the S&P 500 traded near the flatline Wednesday night after the index notched a three-day run of losses. S&P 500 futures added 0.1%, while Nasdaq 100 futures rose […]
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DOJ warns Elon Musk pro-Trump PAC that $1 million voter contest may be illegal
Elon Musk wears a black “Make America Great Again” cap while attending a campaign rally with Republican presidential nominee and former President Donald Trump at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024. Anna Moneymaker | Getty Images The U.S. Department of Justice has warned the super political action committee founded by […]
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Stocks making the biggest moves after hours: Tesla, IBM, T-Mobile and more
Check out the companies making headlines after the bell : T-Mobile U.S. — The telecommunications giant rose about 3% after posting a third-quarter earnings surprise to the upside. T-Mobile reported earnings per share of $2.61 on $20.16 billion in revenue, while analysts polled by LSEG had been looking for earnings of $2.42 per share on […]
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IBM stock slips on disappointing consulting and infrastructure revenue
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street’s revenue expectations for the third quarter. Here’s how the […]
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Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla and SpaceX CEO Elon Musk speaks with former president Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. Jabin Botsford | The Washington Post | Getty Images As Tesla prepares for quarterly results Wednesday, many investors have one big issue on their minds: Donald Trump. On a […]
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Shares of Peloton surge 11% after David Einhorn says stock is significantly undervalued
David Einhorn speaking at the 2024 SOHN Conference in New York City on April 3rd, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch to investors while he was riding a […]
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BMO Capital Markets names stocks to play in either presidential election outcome
BMO Capital Markets dropped its 2024 election guide last week. The firm found stocks in different sectors that stand to gain or lose depending on which party wins the White House. BMO looked mainly at potential effects tied to tariffs, regulation, immigration, taxation and socially conscious business frameworks. “We are not taking a view on […]
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Abercrombie & Fitch responds to former CEO’s sex trafficking arrest, says it will cooperate with law enforcement
Abercrombie & Fitch chairman and CEO Mike Jeffries addresses stockholders during the company’s annual meeting at the company’s headquarters in New Albany, Ohio, U.S. May 22, 2003. Will Shilling | Via Reuters Abercrombie & Fitch washed its hands of its former CEO Mike Jeffries after he was arrested on federal sex trafficking charges, saying in […]
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